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Lenskart CEO Peyush Bansal bets on AI, eyes up to $8 billion IPO valuation

Lenskart CEO says AI-powered eye testing and tech-led innovation will fuel global expansion as India's largest eyewear firm preps for IPO

Peyush Bansal, Co-founder and Chief Executive Officer, Lenskart
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Peyush Bansal, Co-founder and Chief Executive Officer, Lenskart

Peerzada Abrar Bengaluru

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Lenskart cofounder and Chief Executive Officer Peyush Bansal is betting on artificial intelligence (AI) to accelerate growth as India’s largest eyewear retailer prepares for an initial public offering (IPO) in November — building on a decade of technology investments in supply chains and remote eye testing. The company is seeking a valuation of up to $8 billion. 
The company, which turned profitable in 2024–25 (FY25) after years of losses, is deploying AI-based eye tests in overseas markets and expanding remote testing across India to reach underserved areas. Bansal said AI will be central to Lenskart’s goal of eventually serving 1